In 2006, she joined ASHI (Ahon Sa Hirap, Inc.), an MFI and Kiva partner in the Philippines. She was happy, because since joining ASHI, she has had access to capital. She used her previous loans in her general store as well.
Now on her 6th loan, Teresita has proposed a loan for the amount of 30,000 pesos so she can have additional capital for her business. The amount will be used to purchase bulk stock for her general store.
She dreams to help her grandchildren with their school expenses and to expand her general store to a bigger one.
Ahon Sa Hirap, Inc. has the distinction of being the oldest existing replication of Grameen methodology for delivering credit to the poor in the Philippines. With more than a third of the nation’s 90 million Filipinos living below the poverty line, ASHI was established with the vision of helping to alleviate poverty in the Philippines. Translated from Tagalog, Ahon Sa Hirap means “to rise above poverty.”
Empowering women dedicated to supporting their families through hard work and dedication, ASHI lends 100% to women and specifically the bottom 50%, so the “poorest of the poor.” In addition to general business loans, ASHI also offers educational loans, house repair loans, savings funds, and social development programs for its members. ASHI is committed to translating its social mission into practice.
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